{"id":541616,"date":"2021-05-04T01:40:01","date_gmt":"2021-05-04T01:40:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=541616"},"modified":"2021-05-04T01:40:01","modified_gmt":"2021-05-04T01:40:01","slug":"hydroponics-market-size-expected-to-reach-usd-222-billion-by-2028-at-a-cagr-of-113-says-a-new-research-report-by-reports-and-data","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/hydroponics-market-size-expected-to-reach-usd-222-billion-by-2028-at-a-cagr-of-113-says-a-new-research-report-by-reports-and-data_541616.html","title":{"rendered":"Hydroponics Market Size Expected to Reach USD 22.2 Billion by 2028, at a CAGR of 11.3% Says a New Research Report by Reports and Data"},"content":{"rendered":"
\"Hydroponics<\/a><\/p>\n
\n
Reports And Data<\/div>\n<\/div>\n<\/div>\n
Growing awareness regarding the harmful effects of artificially ripened food items over consumer\u2019s health is augmenting demand for hydroponics.<\/div>\n

Hydroponics Market Size – USD 9.5 Billion in 2020, Growth – at a CAGR of 11.3%, Trends –Growing development of innovative hydroponic technologies<\/strong><\/p>\n

The global hydroponics market<\/a> is foreseen to be valued at USD 22.2 Billion by 2028 from USD 9.5 Billion in 2020, registering a CAGR of 11.3% through the estimated timeline. An agricultural technique—hydroponics is generally used for growing plants or crops in a soil-less medium, including a mineral water and nutrient solution. Hydroponics technique is gaining popularity in the overall agriculture sector due to the maximum yield obtained by using this certain technique. Furthermore, crops cultivation through hydroponics minimizes the external environmental effects on the growth of crops, as hydroponics offers controlled and precise environment conditions. Hydroponics adoption in agriculture further reduces the natural resources’ burden like water and land, since the water utilized in making the nutrient solution can be reused and recycled.<\/p>\n

However, the industry is going through various challenges because of the increasing investments required in setting up a huge hydroponics plant. Furthermore, lack of initiatives by government, particularly in the emerging nations, is also limiting the sector growth. Industry players are predicted to experience several lucrative avenues in the global industry in the coming years, due to the expanding hydroponics applications in several residential and commercial buildings including grocery stores, restaurants, residential terraces, etc.<\/p>\n

Major vendors in the industry are<\/p>\n

AMHYDRO (U.S.): AeroFarms (U.S.); Emirates Hydroponics Farms (UAE); Freight Farms (U.S.); Heliospectra AB (Sweden); Signify Holding (the Netherlands); Argus Control Systems Limited (Canada); Green Sense Farms Holdings, Inc. (U.S.); Terra Tech Corp (U.S.), and LumiGrow (U.S.).
<\/strong><\/p>\n

Request sample copy of this report @ <\/strong>https:\/\/www.reportsanddata.com\/sample-enquiry-form\/3832<\/a> <\/p>\n

The COVID-19 Impact:
<\/strong>
Amidst the Covid-19 pandemic, many individuals showcased less interest towards outdoor food. With the key focus on food safety, the population worldwide have exhibited an inclination towards homemade\/home cooking meals. This has caused many restaurants to shut down and put the food industry into jeopardy. During the pandemic, the hydroponic farming systems’ adoption rates are predicted to rise at an exponential rate.<\/p>\n

Further key findings in the report:<\/span><\/strong><\/p>\n